Xpeng Subsidiary Dogotix Raises $900M for Humanoid Robots
Xpeng’s subsidiary Dogotix raised US$900 million in a funding round valuing it at US$6.3 billion, described as the biggest single private-equity deal for a Chinese robotics maker. The capital supports Xpeng’s push to build and sell humanoid robots to compete with Tesla, backed by firms including Alibaba and Tencent. Xpeng also reported Q2 net loss widening 179% to 1.34 billion yuan amid higher R&D costs.
Coverage (5)
- Leapmotor Joins Humanoid Race as Xpeng Robotics Hits $6.3B Record Valuation (techtimes.com)
- XPENG Robotics Raises US$900M for Humanoid Robots (xpeng.com)
- XPENG Robotics Raises US$900M for Humanoid Robots (xpeng.com)
- EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m (scmp.com)
- EV maker Xpeng set to challenge Tesla in embodied AI after robotics unit raises US$900m (scmp.com)